Meridian Health Services Corp

Analysis

Meridian Health Services Corp is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in June 1974, 52 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Meridian Health Services Corp reported income of $120.0m and spending of $106.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $89.7m to $120.0m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Meridian Health Services Corp sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Littleton Hospital Association ($119.8m), Whitehead Institute for Biomedical Research ($120.2m) and Care Resource Community Health Centers Inc ($119.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.3m (1.2% of expenses). Other salaries and wages came to $56.7m. At year end it held assets of $117.3m against liabilities of $16.6m, net assets of $100.7m. It reported 1,321 employees.